An Insider Marcel Stolk Sold 60381 shares of Logitech International S.A. (LOGI); York Capital Management Global Advisors Has Boosted Coty (COTY) Stake By $4.86 Million

May 9, 2018 - By Stephen Andrade

Logitech International S.A. (NASDAQ:LOGI) Logo

York Capital Management Global Advisors Llc increased Coty Inc (COTY) stake by 8.56% reported in 2017Q4 SEC filing. York Capital Management Global Advisors Llc acquired 255,955 shares as Coty Inc (COTY)’s stock declined 8.23%. The York Capital Management Global Advisors Llc holds 3.25M shares with $64.57M value, up from 2.99M last quarter. Coty Inc now has $11.92B valuation. The stock decreased 2.09% or $0.34 during the last trading session, reaching $15.9. About 11.47M shares traded or 138.66% up from the average. Coty Inc. (NYSE:COTY) has risen 0.16% since May 9, 2017 and is uptrending. It has underperformed by 11.39% the S&P500.

Logitech International S.A. (NASDAQ:LOGI) Ratings Coverage

Among 10 analysts covering Logitech Intl SA (NASDAQ:LOGI), 5 have Buy rating, 2 Sell and 3 Hold. Therefore 50% are positive. Logitech Intl SA has $48.0 highest and $18 lowest target. $38.86’s average target is -3.50% below currents $40.27 stock price. Logitech Intl SA had 12 analyst reports since August 19, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of LOGI in report on Thursday, October 27 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, April 5 by Sterne Agee CRT. The stock has “Underweight” rating by JP Morgan on Tuesday, February 6. The stock of Logitech International S.A. (NASDAQ:LOGI) has “Equal-Weight” rating given on Wednesday, August 10 by Morgan Stanley. JP Morgan maintained Logitech International S.A. (NASDAQ:LOGI) rating on Wednesday, January 24. JP Morgan has “Neutral” rating and $43 target. The stock has “Neutral” rating by UBS on Tuesday, August 23. The firm has “Buy” rating by Rosenblatt given on Wednesday, August 19. Citigroup maintained it with “Buy” rating and $47 target in Wednesday, January 24 report. The firm has “Sell” rating by J.P. Morgan given on Tuesday, February 6.

Logitech International Sa’s Chair – Logitech Eur; SVP – C&P Marcel Stolk unloaded 60,381 shares of the stock exchange listed company in a sale dated May 8, 2018. The sold shares were unloaded at stock price per share of $40.1, for a cumulative trade value of $2,420,070. The regulatory filing shows that Marcel Stolk now possess about 0.04% of the California-based company’s total market capitalization

Investors sentiment decreased to 0.75 in 2017 Q4. Its down 0.42, from 1.17 in 2017Q3. It fall, as 20 investors sold Logitech International S.A. shares while 47 reduced holdings. 22 funds opened positions while 28 raised stakes. 51.23 million shares or 14.04% less from 59.60 million shares in 2017Q3 were reported. Axa has 0.01% invested in Logitech International S.A. (NASDAQ:LOGI) for 89,600 shares. The New York-based Tower Research Ltd Liability Company (Trc) has invested 0% in Logitech International S.A. (NASDAQ:LOGI). Dekabank Deutsche Girozentrale invested in 0.06% or 219,317 shares. Trexquant Invest Lp stated it has 0.02% of its portfolio in Logitech International S.A. (NASDAQ:LOGI). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2.62M shares. Boston Ltd Liability Corporation owns 8,495 shares for 0.01% of their portfolio. Moreover, Northwestern Mutual Wealth has 0% invested in Logitech International S.A. (NASDAQ:LOGI). Jane Street Grp Limited Liability invested in 37,468 shares or 0% of the stock. Fifth Third Bank & Trust accumulated 400 shares. Laurion Capital Limited Partnership holds 0.01% or 30,667 shares in its portfolio. Deutsche State Bank Ag stated it has 2.83M shares. Sg Americas Securities Ltd Liability Co has 4,078 shares for 0% of their portfolio. 40,116 are owned by Raymond James Assoc. Invesco Limited has invested 0.05% in Logitech International S.A. (NASDAQ:LOGI). Morgan Stanley has invested 0% in Logitech International S.A. (NASDAQ:LOGI).

Since January 23, 2018, it had 0 buys, and 8 insider sales for $23.25 million activity. On Friday, May 4 the insider Pilette Vincent sold $4.56 million. $7.11 million worth of Logitech International S.A. (NASDAQ:LOGI) was sold by Darrell Bracken on Friday, May 4. Davis Sally had sold 23,041 shares worth $990,302. Another trade for 40,000 shares valued at $1.66 million was sold by Sullivan L Joseph. $611,250 worth of Logitech International S.A. (NASDAQ:LOGI) was sold by De Luca Guerrino on Tuesday, January 23.

The stock increased 0.75% or $0.3 during the last trading session, reaching $40.27. About 331,497 shares traded. Logitech International S.A. (NASDAQ:LOGI) has risen 15.77% since May 9, 2017 and is uptrending. It has outperformed by 4.22% the S&P500.

More recent Logitech International S.A. (NASDAQ:LOGI) news were published by: Seekingalpha.com which released: “Logitech’s (LOGI) CEO Bracken Darrell on Q4 2018 Results – Earnings Call Transcript” on May 04, 2018. Also Benzinga.com published the news titled: “The Success Of ‘Fortnite’ Is Driving Massive Gaming Headset Sales” on May 07, 2018. Gurufocus.com‘s news article titled: “Logitech International Sa (LOGI) President & CEO Bracken Darrell Sold $7.1 million of Shares” with publication date: May 05, 2018 was also an interesting one.

Logitech International S.A., through its subsidiaries, designs, makes, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company has market cap of $6.66 billion. The firm offers portable wireless Bluetooth speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups. It has a 31.91 P/E ratio. It also provides keyboards and covers for tablets and smartphones, as well as other accessories for mobile devices; pointing devices, such as PC and Mac-related mice, touchpads, and presenters; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combos; PC Webcams; and remote control and home automation products.

More important recent Coty Inc. (NYSE:COTY) news were published by: Seekingalpha.com which released: “Coty positive on earnings beat” on May 09, 2018, also Businesswire.com published article titled: “Coty Inc. Declares Quarterly Dividend”, Benzinga.com published: “Earnings Scheduled For May 9, 2018” on May 09, 2018. More interesting news about Coty Inc. (NYSE:COTY) was released by: Businesswire.com and their article: “Coty Inc. Reports Third Quarter Fiscal 2018 Results” with publication date: May 09, 2018.

Since February 12, 2018, it had 1 buy, and 0 selling transactions for $84.48 million activity. On Monday, February 12 JAB Cosmetics B.V. bought $84.48M worth of Coty Inc. (NYSE:COTY) or 4.10M shares.

Among 16 analysts covering Coty (NYSE:COTY), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Coty had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by JP Morgan on Thursday, August 27. JP Morgan maintained it with “Underweight” rating and $17 target in Monday, February 12 report. The firm has “Buy” rating given on Thursday, February 8 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, September 14 by RBC Capital Markets. The firm earned “Sell” rating on Friday, September 9 by Berenberg. Berenberg upgraded the stock to “Hold” rating in Friday, November 18 report. The rating was maintained by RBC Capital Markets on Friday, July 14 with “Hold”. As per Wednesday, September 27, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the shares of COTY in report on Monday, October 24 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 23 report.

York Capital Management Global Advisors Llc decreased Altaba Inc stake by 408,648 shares to 5.42M valued at $378.87M in 2017Q4. It also reduced Gcp Applied Technologies Inc stake by 131,795 shares and now owns 1.64 million shares. Dish Network Corp (NASDAQ:DISH) was reduced too.

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.22, from 1.17 in 2017Q3. It dropped, as 29 investors sold COTY shares while 112 reduced holdings. 42 funds opened positions while 92 raised stakes. 499.23 million shares or 2.30% less from 510.97 million shares in 2017Q3 were reported. Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Coty Inc. (NYSE:COTY). Legal & General Grp Incorporated Plc stated it has 3.65M shares. National Bank Of Ny Mellon, a New York-based fund reported 17.86M shares. 313,098 are held by Amundi Pioneer Asset Mgmt. Riverhead Capital Mgmt Lc holds 21,671 shares or 0.02% of its portfolio. Da Davidson Communications accumulated 91,395 shares. Cutter And Co Brokerage holds 0.43% or 52,854 shares. State Of Alaska Department Of Revenue accumulated 74,604 shares. Us National Bank De invested in 0% or 6,093 shares. The New York-based Sg Americas Limited Liability Com has invested 0.02% in Coty Inc. (NYSE:COTY). Evercore Wealth Management Ltd Co accumulated 1,901 shares. Employees Retirement Sys Of Texas owns 3,000 shares or 0% of their US portfolio. Genesee Valley Trust Commerce stated it has 21,146 shares or 0.18% of all its holdings. Employees Retirement Association Of Colorado has 0.01% invested in Coty Inc. (NYSE:COTY) for 90,195 shares. Dnb Asset Mgmt As holds 0.01% in Coty Inc. (NYSE:COTY) or 55,268 shares.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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